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An obligation to pay another party at some point in the future. Examples include national debt, corporate bonds, and household credit.

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and landed to govs with an interest and creating debt. Now, let's make a very simple example, let's imagine a world made by 10 countries and 1 central bank. The central bank gives 10B (billions) to … back? If it turns out that the world cannot actually ever pay back the full debt, then why do we care? (what is the use of it?) Of course, the countries are in business with each other, during the …
asked May 7 by alec_djinn